Kaiser Aluminum (KALU) Projected to Post Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) is expected to be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Kaiser Aluminum to post earnings of $0.42 per share and revenue of $788.00 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts expect Kaiser Aluminum to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum Trading Down 0.7 %

Shares of NASDAQ:KALU opened at $54.61 on Wednesday. The stock has a market cap of $879.22 million, a PE ratio of 19.03 and a beta of 1.32. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $102.42. The business has a 50 day moving average of $65.24 and a 200-day moving average of $71.42.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.64%. Kaiser Aluminum’s payout ratio is 107.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KALU shares. StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.